Business
FG’ll Fulfill Every Promise To Youths …Buhari’s Aide Assures Job Seekers
Senior Special Assistant to the President on Job Creation and Youth Employment, Mr Afolabi Imoukhuede, has said that President Muhammadu Buhari’s-led administration will fulfill all promises made to the youths and Nigerians before the 2015 presidential polls.
Imoukhuede, said this when he addressed N-Power volunteers in Ebonyi at the end of the evaluation and monitoring of the programme in the state by federal and state stakeholders.
He said that the administration’s Social Investment Programmes covered all strata of the society, including children, youths, women and micro and medium scale enterprises.
“Every promise we make to you, there is a strong commitment to fulfilling them.
“You have to stay committed to the programme,’’ he told the volunteers.
According to him, besides the N30,000 monthly stipend, each volunteer will also receive a device being paid for by the Federal Government at N4,500 per month.
He, however, told them that the device had multiple-applications including a programme that would facilitate their monitoring.
He said, “You will be monitored by the Federal Government agency in charge of this programme through the device you are going to get.
“Be warned and stay tuned with your portal as you can be withdrawn from the scheme if we find out that you absent yourself from work or you fail to update your knowledge and skills by not digesting the manuals in the device.’’
The Presidential aide noted that 2,620 out of the 3,643 volunteers in the state were accommodated in the first batch of the device distribution.
He said that, while a last chance had been given for 216 volunteers who had not updated their bank details, 114 who had no details at all might be delisted.
He added that, the 114 ostensibly were not participating in the scheme, adding that even if their details were cleared they would show proof of work in the past six months before they could be paid.
On the allegation that volunteers were paying money to an individual for clearance, he said the payment was not known to the scheme.
The Presidential aide warned that the government would go after anyone who tried to extort the volunteers, and urged them not to respond to such exploitations.
“None of such payments is authorised by us but we will not criticise any voluntary contribution made by you in form of cooperatives to enhance your employability at the end of the programme,’’ he said.
The Ebonyi State Commissioner for Economic Empowerment and Job Creation, Chief Moses Nomeh, advised the volunteers to be serious with the scheme as there were many jobless youths willing to take up their positions.
Nomeh said that no fewer than 8,000 applications were received for N-Power from Ebonyi in 2016 while graduates who had applied for the ongoing 2017 enrolment form in the state had reached 23,435.
The commissioner thanked President Buhari and Acting President Yemi Osinbajo for initiating the scheme which had provided solutions to the unemployment situation in the country.
Business
Agency Gives Insight Into Its Inspection, Monitoring Operations
Business
BVN Enrolments Rise 6% To 67.8m In 2025 — NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has said that Bank Verification Number (BVN) enrolments rose by 6.8 per cent year-on-year to 67.8 million as at December 2025, up from 63.5 million recorded in the corresponding period of 2024.
In a statement published on its website, NIBSS attributed the growth to stronger policy enforcement by the Central Bank of Nigeria (CBN) and the expansion of diaspora enrolment initiatives.
NIBSS noted that the expansion reinforces the BVN system’s central role in Nigeria’s financial inclusion drive and digital identity framework.
Another major driver, the statement said, was the rollout of the Non-Resident Bank Verification Number (NRBVN) initiative, which allows Nigerians in the diaspora to obtain a BVN remotely without physical presence in the country.
A five-year analysis by NIBSS showed consistent growth in BVN enrolments, rising from 51.9 million in 2021 to 56.0 million in 2022, 60.1 million in 2023, 63.5 million in 2024 and 67.8 million by December 2025. The steady increase reflects stronger compliance with biometric identity requirements and improved coverage of the national banking identity system.
However, NIBSS noted that BVN enrolments still lag the total number of active bank accounts, which exceeded 320 million as of March 2025.
The gap, it explained, is largely due to multiple bank accounts linked to single BVNs, as well as customers yet to complete enrolment, despite the progress recorded.
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